AUDNZD expected to rise up to 1st resistance at 1.04828 where it could potentially react off and drop down to 1st support at 1.03930.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDNZD bounced off 1.03930 where it could potentially rise further to 1.04828.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Good morning, we saw the first signs to buy AUDNZD again and now may be printing a W on the daily chart. I already opened a small buy position, for a safer entry wait for the price to test the 1.038 area.
My first target will be around 1.05.
AUDNZD Last Week, The Daily Time Frame Closed Above The Old Down Trend Line, After Hitting The Up Channel Trend Line
Forming A Bullish Candlestick Formation on The 4 Hour Time Frame,
Now The Market Have Come Back To The Backside of The Down Trend on The 4 Hour TF And Formed Another Bullish CSF
(Bullish Engulfing Candle) With A CTL Break,
What We Have:
-...
I would get into the trade on the retest of the broken trendline. I fee it's much extended now and may start to see some bullish movement soon.
*move to break even once 50% into profit.
we have down trend chart after taking break the price tries to break support level 1.04
I wait for the price retest support line after that I am looking for candles or patterns
in this market I am just seller
